alexa
 FREE Credit Score  Watch Our Videos

Download Financial Freedom App and Start your journey to become RICH

Search in Indianmoney's WealthPedia

Browse by words

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Home > Financial dictionary > C > Customs Entry

Customs Entry

Definition of Customs Entry

Declaration of information on imported or exported goods, prepared by a customs broker on a prescribed form called entry Form or duty entry Form, and submitted to the customs. It states the customs classification number, country of origin, description, quantity, and CIF value of the goods, and the estimated amount of duty to be paid. If upon examination by a customs officer the entry is verified as a correct or 'perfect entry,' the goods in question are released (on payment of duty and other charges, if any) to the importer, or are allowed to be exported. Main types of entry are: (1) Consumption entry: for goods to be offered for sale (consumption) in the importing country, (2) Formal entry: that is required to be covered by an entry bond because its aggregate value exceeds a certain amount, (3) Informal entry: that is not required to be covered under an entry bond because its value is less than a certain amount, (4) In-transit entry: for the movement of goods from the port of unloading to the port of destination under a Customs bond, (5) Mail entry: for goods entering through post office or courier service and below a certain value, (6) Personal baggage entry: for goods brought imported as personal baggage, (7) Transportation and exportation entry: for goods passing through a country enroute to another country, and (8) Warehouse entry: for the goods stored in a bonded warehouse. Called also customs declaration, duty entry, or just entry.

You Can also Search For

CUSTOMS

CUSTOMS BROKER

agreement on customs valuation

customs area

customs classification

Customs Cooperation Council Nomenclature (CCCN)

customs declaration

customs duty

customs import value

Entry load

Rectification Entry

Adjustment Entry

BARRIERS TO ENTRY

BOOK OF FINAL ENTRY

CLOSING ENTRY

COMPOUND JOURNAL ENTRY

CONTRA ENTRY

CORRECTING ENTRY

DOUBLE-ENTRY ACCOUNTING

You Recently Read

Financial Dictionary

What is Financial Dictionary?

Financial Dictionary is a dictionary or database that contains the meaning of all financial terms. Financial Dictionary has been created to help anyone, interested in understanding financial terms. It is extremely important to know what the financial terms mean when signing on terms and conditions. When availing financial products, you can be easily cheated if you don’t know what you have signed up for. To avoid this, you must be aware on what the terms really mean.

 

Who is this Financial Dictionary for?

We have developed this Financial Dictionary that could be used by anyone for free on our website. We have provided the meanings of almost all the financial terms along with the context in which they can be used. If you have lingering doubts on any financial term, then all you must do is log on to our website and check out the Financial Dictionary.

 

Why do you need to refer a Financial Dictionary?

If you wish to invest in the stock market, then it is extremely important to understand each and every term associated with it. A small misunderstanding can lead to huge losses in a matter of few seconds. It is only wise to know the meaning of all the terms before investing. The most comprehensive Financial dictionary covering all the financial terms. Brought to you by India's largest Free Financial Education company - IndianMoney.com.

 

What happens if I don’t refer a Financial Dictionary?

If you are planning to avail a Home Loan, then it is crucial for you to understand under what conditions your bank is sanctioning the loan. You must understand each and every term written on the loan agreement or else you will end up choosing a lender who charges high interest or with tough terms and conditions. To avoid this, just log on to our website and understand the meaning of financial terms with the Financial Dictionary.

 

Consequences of Misunderstanding a financial term

If you want to invest in a financial product, you must understand various financial terms. Not doing this could mean losses. Many financial intermediaries misguide you to make quick profits. You can avoid this by understanding financial terms and make smart investment decisions.

 

Uses of Financial Dictionary

If you are a Financial Advisor, then it is extremely important to stay updated on the latest financial terms. We at IndianMoney.com update all the new terms used in personal finance in the Financial Dictionary. You can refer and update yourself, to serve clients effectively. This is a double bonanza of increasing your efficiency and fetching clients more money.

 

How does our Financial Dictionary work?

Our Financial Dictionary has three main categories. First being ‘Most Searched Words’. These are the terms/words that are generally used in finance. You can just click on the words to know their meaning. Second category is ‘Recently Added Words’. These are the terms/words that are new to finance but have significance. Third being ‘You Recently Read’. If you have previously used our Financial Dictionary, then the words checked and their meaning would be displayed under this category.

Be Wise, Get Rich.

CIBIL Meter

Get FREE Credit Score now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.